Looking at @Lombard_Finance's data, I feel like #BTCFi is back
This project is on the Buidl @buidlpad - the projects on the platform are generally hairy and worthy of attention
Lombard's gameplay is to bring Bitcoin into DeFi with LBTC (liquid staking token):
Cross-chain fee circulation (Arbitrum, Solana, etc.) and does not rely on centralized custody
2 billion liquidity was released in 92 days, and the TVL has reached 1.73 billion. Securely backed by a consortium of 14 institutions + Chainlink technology, it looks more transparent and credible than past BTCFi projects
Of course, there are some clichéd questions about BTCFi - is LBTC liquidity really stable?
Can BTCFi get out of the old path of "opening high and going low", or is it another short-term hot spot?
The overall judgment is:
Sooner or later, there will be truly successful DeFi in the BTC track, which is worth continuing to pay attention to, but you still need to be cautious in operation
#BTCFi #DeFi #Lombard #KaitoYap @KaitoAI
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